Home Mortgage Deduction
For those who itemize deductions, the mortgage interest on their main home and on a second home may be deductible. Use this calculator to estimate your potential tax savings.
This is a hypothetical example used for illustrative purposes only. This calculator provides projections based on certain assumptions. It is not intended to provide specific investment advice. Please consult a tax professional for specific information regarding your individual situation. The home morgtgage deduction is subject to Congressional action.